Wow! Great result. Predominantly institutional investors.
Ladies and gentlemen we are now officially a small cap insto play. We all know when the instos like something they can get a bit silly buying it up!!
Well done KNM. cashed up, knocking on door of break even.
As it says in the Ann, education departments around the US can now have confidence that KNM is well funded to roll this out on a large scale.
This is a key point as you couldn’t really expect multiple departments to roll this out while KNM had less than $1 mil cash?? But close to $5mil, with very small burn through to b/e??
I would expect a flurry of orders now from the US.
Strap in holders, this is about to get interesting!!
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Ann: KNeoMedia Completes $3.85M Institutional Placement, page-3
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